Construction Draw Calculator

Enter in the land value and the requested loan amounts to determine the estimated draw amounts for each of the stages. This calculator is for illustrative purposes only and may not reflect exact results. Remember, draws can be requested at any time and require an inspection.

Disclaimer: this calculator is for illustrative purposes only and may not reflect exact results. Remember, draws can be requested at any time and require an inspection.


Land Value:		Rate(%):
Loan Amount:

Underwriting Fee (2.0% Estimated):
Funds Available After Registration:


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Draws	% Complete	Amount Advanced	Fees	10% Holdback	Less Accrued Interest	Net Advance	Total Drawn
Upon Registration
2nd Draw – 30 Days
3rd Draw – 60 Days
4th Draw – 90 Days
Add New Draw:
Total
$250 appraisal fee on each draw may vary
Underwriting fee subtracted from first net advance only
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www.pillarfinancial.ca illustrative purposes only

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